Antero Resources Corporation (NYSE:AR) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on March 01, 2017. The stock lost about -6.1 percent in price since last results when it was at $25.68 a share. Based on the most relevant past-periods data, there is an 53.85 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 7 times out of last 13 reported quarters. It has beaten earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 0 time.
Here’s how traders responded to AR earnings announcements over the past few quarters.
Antero Resources Corporation (AR) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 370.83 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.12 which beat the consensus $0.04 projection (positive surprise of200%. For the quarter, revenue came in at 1.12B versus consensus estimate of 691.86M. The stock gained 4.28 percent the session following the earnings reports were released, and on 7th day price change was -1.71 percent.
On August 2, 2016, it reported earnings at $0.08 a share compared with the consensus estimate of $0.01 per share (positive surprise of 700%). Revenue of 727.94M for that quarter was above the $676.46M analysts had expected. The stock climbed 4.45% the day following the earnings announcement, and on 7th day price change was 4.22%.
On April 27, 2016, it recorded $0.12 a share in earnings which topped the consensus estimate of $0.09 (positive surprise of 33.33%). Revenue for the quarter was $765.43M while analysts called for revenues to be $652.08M. The stock dropped -5.73% the day following the earnings data was made public, and on 7th day price change was -12.74%.
On February 24, 2016, it announced earnings per share at $0.13 versus the consensus estimate of $0.02 per share (positive surprise of 550%). That came on revenues of $629.95M for that period. Analysts had expected $603.56M in revenue.
Antero Resources Corporation Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.04. The analysts’ present consensus range is $-0.13-$0.34 for EPS. The market consensus range for revenue is between $645M and $864.28M, with an average of $734.09M.
Antero Resources Corporation (NYSE:AR) last ended at $24.22, sending the company’s market cap near $7.61B. The consensus 12-month price target from analysts covering the stock is $34.04. The share price has declined -21% from its top level in 52 weeks and dropped 2.41% this year. It recently traded in a range of $23.99-$24.6 at a volume of 2754398 shares. The recent trading ended with the price nearly 2.28 higher for the last 5 trading days, rebounding 27.47% from its 52-week low.